By Kiku Steinfeld
Chicago, Nov. 17 – GS Finance Corp. priced $6.07 million of contingent income autocallable securities due Aug. 2, 2024 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at the rate of 7.25% per year if the stock closes at or above its downside threshold level, 80% of its initial share price, on the observation date that period.
The notes will be automatically called at par if the stock closes at or above its initial share price on any quarterly observation date.
If the stock finishes at or above the 80% downside threshold level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses of the stock.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management acting as the dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent income securities
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $6,070,100
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| Maturity: | Aug. 2, 2024
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| Coupon: | 7.25% per year, payable quarterly if stock closes at or above coupon threshold level on observation date that period
|
| Price: | Par of $10
|
| Payout at maturity: | If stock finishes at or above downside threshold level, par; otherwise, full exposure to any losses of the stock
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| Call: | Automatically at par if stock closes at or above initial share price on any quarterly observation date
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| Initial share price: | $3,327.59
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| Downside threshold: | $2,662.072, 80% of initial share price
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| Pricing date: | July 30
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| Settlement date: | Aug. 4
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| Agent: | Goldman Sachs & Co. LLC with Morgan Stanley Wealth Management acting as dealer
|
| Fees: | 2.5%
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| Cusip: | 36261B483
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